Get ready to invest in a new life abroad with golden visas! Golden visas are an excellent way for wealthy individuals to gain residency in a foreign country by investing in it. Not only do golden visas allow you to bypass the long and strenuous process of acquiring residency in a new country, but they also offer other perks, such as free movement within the EU for countries in the bloc.

Get ready to invest in a new life abroad with golden visas! Golden visas are an excellent way for wealthy individuals to gain residency in a foreign country by investing in it. Not only do golden visas allow you to bypass the long and strenuous process of acquiring residency in a new country, but they also offer other perks, such as free movement within the EU for countries in the bloc.

While golden visas offer many benefits, some countries in the EU are beginning to phase them out. In February 2023, Portugal announced it would end its residency by investment scheme to tackle property and rent price speculation. The autonomous region of Madeira, however, has criticized the decision.

So what exactly is a golden visa? It is a residency-by-investment scheme that offers individuals the opportunity to gain a residency permit in a foreign country by purchasing a home there or making a significant investment or donation. Applicants must be over 18 years old, have a clean criminal record, and have sufficient funds to make the necessary investment.

In the past, the EU has raised concerns about golden visa schemes, as they pose a risk to security, transparency, and the values that underpin the European Union project. Following the Ukraine war, the EU was concerned that these schemes could be a security risk. Additionally, the European Commission has urged EU countries to stop selling citizenship to investors and double-check whether people sanctioned due to the war are holding a golden passport or visa.

While golden visas offer many benefits, some countries in the EU are beginning to phase them out. In February 2023, Portugal announced it would end its residency by investment scheme to tackle property and rent price speculation. The autonomous region of Madeira, however, has criticized the decision.

So what exactly is a golden visa? It is a residency by investment scheme that offers individuals the opportunity to gain a residency permit in a foreign country by purchasing a home there or making a significant investment or donation. Applicants must be over 18 years old, have a clean criminal record, and have sufficient funds to make the necessary investment.

In the past, the EU has raised concerns about golden visa schemes, as they pose a risk to security, transparency, and the values that underpin the European Union project. Following the Ukraine war, the EU was concerned that these schemes could be a security risk. Additionally, the European Commission has urged EU countries to stop selling citizenship to investors and double-check whether people sanctioned due to the war are holding a golden passport or visa.